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Vat for residential apartments

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(Querist)
28 November 2012 We are constructing residential apartments on our land and want to sell to individual owners.

Is VAT applicable to the buyers to be paid to us for submitting in the government?

If yes at what rate it is to be collected?

Also, when is this VAT payable - at time of registration or as we receive the instalment.
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V K Bajaj

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V K Bajaj (Expert)
29 November 2012 Please mention the name of your state. VAT is a state subject and VAT rules are being framed at state level.

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